A General Purpose Technology at Work: The Corliss Steam Engine in the late 19th Century US
The steam engine is widely regarded as the icon of the Industrial Revolution and a prime example of a “General Purpose Technology,” and yet its contribution to growth is far from transparent. This paper examines the role that a particular innovative design in steam power, the Corliss engine, played in the intertwined processes of industrialization and urbanization that characterized the growth of the US economy in the late 19th century.
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|Date of creation:||2001|
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Web page: http://econ.tau.ac.il/research/foerder.asp
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